In McKinsey. On big data and manufacturing. Talked that just yesterday with an enterprise. It is clearly a challenge. Lots of unstructured data is common. It becomes unusable quickly. But they understand it can be used to answer questions previously untenable. My question is always: Who is asking the questions? How do I connect them with the answers?
" ... Advanced analytics refers to the application of statistics and other mathematical tools to business data in order to assess and improve practices (exhibit). In manufacturing, operations managers can use advanced analytics to take a deep dive into historical process data, identify patterns and relationships among discrete process steps and inputs, and then optimize the factors that prove to have the greatest effect on yield. Many global manufacturers in a range of industries and geographies now have an abundance of real-time shop-floor data and the capability to conduct such sophisticated statistical assessments. They are taking previously isolated data sets, aggregating them, and analyzing them to reveal important insights. ... "
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